Saudi Arabia’s budget revenues are expected to reach a record SR1.17 trillion ($312 billion) this year, though elevated spending will keep the fiscal surplus below 5 per cent of GDP, a report said.
Saudi government spending

The risk premium on oil prices caused by the political unrest across the Middle East and disrupted Libyan output has provided extra spending power for GCC governments, said a report.
Each dollar increase in oil prices adds around $4.5 bill

Oman's oil revenues increased 37 per cent to RO1.21 billion ($3.14 billion) in the first two months of 2010 compared to the same period last year, the central bank statistics said on Thursday.
The non-Opec member's revenues in the

Saudi Arabia's oil export revenues could fall 41 per cent to $172 billion next year due to lower production and prices, a local investment bank said.
This will result in the kingdom posting real economic growth of 1.5pc next year, whic

Saudi Arabia's oil export revenues could fall 41 per cent to $172 billion next year due to lower production and prices, a local investment bank said.
This will result in the kingdom posting real economic growth of 1.5pc next year, whic

Kuwait budget expenditures may fall by 5-10 per cent below the government’s forecast of KD11.3 billion, thanks to ballooning oil revenues, a study by National bank of Kuwait (NBK) said.
This may leave an overall surplus of KD7.7–9.1 billio